SEGUIN, Texas, May 23, 2016 /PRNewswire/ -- Alamo Group
Inc. (NYSE: ALG) today announced that it was added to the S&P
SmallCap 600 Index as of the close of trading on Friday, May 20, 2016.
The S&P SmallCap 600 is designed to measure the performance
of 600 small-size companies in the U.S. reflecting this market
segment's distinctive risk and return characteristics.
Measuring a segment of the market that is typically known for less
liquidity and potentially less financial stability than large caps,
the index was constructed to be an efficient benchmark composed of
small-cap companies that meet investability and financial viability
criteria.
Ron Robinson, Alamo Group's
President and Chief Executive Officer, commented, "We are pleased
to have been selected to join this fine roster of small cap U.S.
companies. This achievement is a credit to all of those at
Alamo Group who have contributed to our successful growth over the
years. We look forward to continuing to build on what we have
accomplished to the benefit of our employees, customers and
shareholders."
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About Alamo Group
Alamo Group is a leader in the design, manufacture, distribution
and service of high quality equipment for infrastructure
maintenance, agriculture and other applications. Our products
include truck and tractor mounted mowing and other vegetation
maintenance equipment, street sweepers, snow removal equipment,
excavators, vacuum trucks, other industrial equipment, agricultural
implements and related after-market parts and services. The
Company, founded in 1969, has approximately 3,100 employees and
operates 24 plants in North
America, Europe,
Australia and Brazil as of March
31, 2016. The corporate offices of Alamo Group Inc.
are located in Seguin, Texas and
the headquarters for the Company's European operations are located
in Salford Priors, England.
Forward Looking Statements
This release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties, which
may cause the Company's actual results in future periods to differ
materially from forecasted results. Among those factors which could
cause actual results to differ materially are the following: market
demand, competition, weather, seasonality, currency-related issues,
and other risk factors listed from time to time in the Company's
SEC reports. The Company does not undertake any obligation to
update the information contained herein, which speaks only as of
this date.
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SOURCE Alamo Group Inc.